Minneapolis-based fintech Onsetto has raised $2.2 million in a Series Seed round led by EJF Ventures to accelerate product development and expand go-to-market efforts for its business banking platform.
Minneapolis-based Minnesota startup Onsetto, Inc. announced on January 8, 2026, that it has raised $2.2 million in Series Seed funding to support product development and go-to-market expansion for its business banking platform.
The round was led by EJF Ventures, the early-stage fintech investment platform of EJF Capital. The funding follows a strong quarter of commercial momentum, during which Onsetto signed a double-digit number of financial institutions, reflecting growing demand from banks and credit unions for technology-enabled business account switching.
The company said the new capital will be used to expand its AI-driven capabilities for account switching, activation, and treasury identification, as well as to scale sales and marketing efforts. Onsetto’s platform is designed to automate the traditionally manual process of business account switching and help financial institutions establish primary operating relationships earlier in the customer lifecycle.
Founded and led by Cale Johnston, Onsetto provides a white-label fintech platform focused on improving onboarding outcomes, accelerating time-to-funding, and increasing treasury engagement for banks and credit unions.
Read the full announcement here
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